Good monday morning welcome to squawk alley. Im jon fortt along with Morgan Brennan and Contessa Brewer live at post nine at the New York Stock Exchange carl is on assignment, as you probably heard this morning, in hanoi, vietnam hes going to be reporting live all day tomorrow on that countrys recent manufacturing boom and its role in the u. S. china trade war a lot more do not miss our live coverage. Again, all day tomorrow. And meantime, we begin with facebook, google, and your data. Exactly how much is it worth that is the question senators mark warner and josh haolly are asking as they propose new legislation that would force Big Tech Companies to put a price tag on user data and guys, this i find fascinating and very confli complicated. Because one persons data, the way i understand it, is worth very little, but everybodys data is worth a lot. And i dont think its as simple as just doing division like, you divide the total value of the data by the number of people some peoples dat
Sooner. In the letter i submitted the National Conference of mayors pointed out that the Clean Air Act required federallysupported transportation activities are consistent with state air quality Implementation Plans and the largest rail hub in the country. According to the center of Regulatory Solutions freight traffic is expected to increase by 80 by 2020. How does epa expect the financially troubled state to implement these standards when the agency has not and will not consider the full potential cost of implementation . If i could just point out, sir, that the Health Standard sets up a process where states develop plans over time and there is significant time to achieve this standard but the majority my time has expired and if you can respond in writing back to these. The vast majority of the counties will be in the amendment as a result of national standards. Thats an important thing to remember. This is not on the backs of the states. It is a partnership between the National Gove
Check out crude oil prices, which went fuderwacken again yesterday, according to mark grant. Wti is up by just 1 , to 46. 36. Brent crude sitting at 44 th49. President trump abruptly fired james comey. Comey learning of the firing while speaking with fbi agents in los angeles. This morning there is bipartisan outrage as congressional members on both sides express concern about the sanctity of the Ongoing Investigation into President Trump and his ties into russia. Eamon javers has more on this continuing to develop story. Good morning. It was a dramatic and Stunning Development last evening as the white house announced that the president fired the fbi director. This is something that caught all of capitol hill by surprise. It caught all of the Law Enforcement community by surprise. It caught the Intelligence Community in washington, d. C. By surprise. Heres what the president of the United States wrote to the fbi director who is conducting an investigation into whether or not officials
Just under 30 minutes to the close. I wouldnt equities in a second. I want to look at sterling volatility. We have seen the pound spiking after in pc member said after mbc members that he could vote for a rate increase as early as this month. Sterling set for the biggest decline in a week. Usually on the mpc. Dovish side of the you can see it rising at the end of the chart, hitting a ties level since april. Action at gilt, more on the front end. We have seen the front end of the twoyear get yield rising eight basis points with a 10 year yield rising for basis points. Here i have shown the curve of two verses 10, you can see the flattening off. It is certainly at its flattest level of the year since november. We will talk about the gilt Market Reaction in a moment. Talking that equities with the close coming in 30 minutes. We are seeing losses on the stoxx 600. This is the second day of decline for the stoxx 600. In fact, the stoxx 600 headed for the biggest twoday drop in a month. Most
Buildings that have failed fire safety tests has grown to 60. Additional National Testing was ordered after an inferno engulfed londons grenville tower on june 14, killing at least 79 people. Fire officials believe the of the materials led to the rapid spread of the blaze. Macron met in paris with his ukrainian counterpart. He says a phone call between the leaders of france, germany, ukraine, and russia will be scheduled by the end of next week in an effort to make tangible progress. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 100 20 countries. Im am mark crumpton. This is bloomberg. Live from bloombergs World Headquarters in new york, im julia chatterley. Scarlett i am scarlet fu. Joe i am joe weisenthal. We are 30 minutes from the close of trading here in the u. S. What did you miss . Revised bill. Mitch mcconnell faces what is shaping up to be one of the yet as support for his Health Care Measure weightings and the cbo releases a score